(VIANEWS) – Shares of SCATEC (Oslo Børs Benchmark Index_GI: SCATC.OL) rose by a staggering 16.75% in 5 sessions from kr62.7 to kr73.20 at 09:46 EST on Wednesday, after four consecutive sessions in a row of gains. Oslo Børs Benchmark Index_GI is falling 0.59% to kr1,201.41, after five consecutive sessions in a row of gains.
SCATEC’s last close was kr70.60, 50.73% below its 52-week high of kr143.30.
About SCATEC
Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions. The company is also involved in the engineering, procurement, construction, operation, maintenance, and asset management of power plants. It has a total of 4.6 GW in operation and under construction. The company was formerly known as Scatec Solar ASA and changed its name to Scatec ASA in November 2020. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, SCATEC has a trailing twelve months EPS of kr-4.82.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -13.12%.
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